Recently, Kenya was selected among several countries that would initiate trading under the African Continental Free Trade Agreement (AfCFTA). The pilot phase is meant to test environmental, legal and trade policy basis for intra-African trade.Trading under the AfCFTA provides great opportunities such as a combined
Kenya’s electioneering season is now in its final stretch. On August 9, voters will head to polling stations across the country and in the diaspora to cast their votes. A peaceful General Election in Kenya will strengthen regional stability. The country needs a leader who
Kenya is a recognized trade hub in the continent, and has been viewed as an important strategic partner of the United States. This is evident from the nomination and recent approval by the US Senate of former CEO of Hewlett Packard Enterprise and eBay, Margaret
The 2022 National Trade Estimate Report on Foreign Trade Barriers (NTE) is the 37th version in an annual series that highlights significant foreign barriers to US exports, US foreign direct investment, and US electronic commerce. The NTE Report identifies significant barriers, regardless of whether they
The proposed maximum East African Community Common External Tariff rate of 35% is set to boost intra-EAC trade by USD 18.9 million if adopted by the EAC partner states. This is according to an analysis done by the East Africa Community Secretariat on the proposed
This week, the International Court of Justice( ICJ) ruled on the maritime dispute between Kenya and Somalia . The bone of contention was in which direction each of the country’s borders extends into the Indian Ocean. Somalia said the boundary should run in the same
The East African Community member states are eyeing the Democratic Republic of Congo market of 86.7 million people and are eager to have the vast country join the bloc. With a surface area equivalent to that of Western Europe, the DRC is the largest country
The President of the United Republic of Tanzania, Samia Suluhu Hassan arrived in Kenya on Tuesday this week following an invite from President Uhuru Kenyatta. The relationship between the two countries took a nosedive during the presidency of the late John Pombe Magufuli, her predecessor.
The World’s largest Free Trade Area is finally here with us covering a market of 1.27bn people with a combined GDP of 3.4 trillion US dollars. The region does enter the agreement with great momentum around trade: Exports have grown by nearly a factor of
With the United Kingdom (UK) set to conclude its exit from the European Union (EU) at the end of December, 2020 it has decided to enter into a bilateral agreement with Kenya. On Tuesday 08th December, 2020, the two countries formally signed a trade agreement ending an
Ideally, removing the non-tariff barriers that remain the biggest hindrance to continental trade can foster regional integration, which must play a key role in the crisis recovery strategies in Africa.
It’s impossible to overstate how much Congress cares about agriculture – US agriculture is very productive, and we now want to work out how to sell it.” – A Senior USTR Adviser, 2020
Although Kenya may not feature as one of the top ten importers for the US market, the textile and apparel industry has the potential to alleviate the unemployment crisis in the country
COMESA is the Common Market for Eastern and Southern Africa. In 2018, they agreed to establish a Digital Free Trade Area (DFTA). The initiative that upon inception was expected to create a $17.2 billion-worth market for member states is an online platform for trade facilitation
The AfCFTA offers a unique opportunity to develop an inclusive trade system and economic model by increasing intra-continental trade; but in order to trade, Africa first has to produce; and not just primary commodities. However, the AfCFTA will only promote intra-African trade if governments actually implement it
A population estimated at 1.3 billion predominantly made up of young people and with an
abundance of natural resources, Africa presents market opportunities, a growing labour force
and raw materials for manufacturing.
